Financial crime costs the global economy over $2 trillion annually, while compliance teams at banks and credit unions struggle with antiquated systems generating thousands of false positive alerts ...

As stablecoins and related products gain traction in the U.S., bankers are going to have to face the fact that their current anti-money-laundering controls simply aren't up to the task anymore, writes ...

This round enables Castellum.AI to integrate more deeply with financial institutions, enabling compliance teams to quickly access our secure, effective and explainable AI. NEW YORK--(BUSINESS ...

Compliance is the part of financial services that nobody likes to talk about, and nobody can afford to get wrong. For investment managers, the obligation to know your client, verify their business, ...

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The Trump Administration has prioritized deregulation, aiming to reduce compliance costs under the Bank Secrecy Act (BSA). Recent rules and guidance focus on easing burdens, like removing beneficial ...

Korbit, the South Korean crypto exchange in talks to be bought by Mirae Asset, was fined 2.73 billion won ($1.9 million) by the country's regulator for multiple anti money-laundering and customer ...

The next generation of know your customer verification will not look like a form. It will be a continuous flow of cryptographic proofs, behavioural signals and reusable attestations that financial ...